The Trump administration has finalized a $1.5 billion loan guarantee for an Indiana-based company to produce ammonia fertilizer.
The financing for Wabash Valley Resources LLC will be used to restart and repurpose a coal gasification plant idled since 2016. It intends to produce 500,000 metric tons of anhydrous ammonia per year using as feedstock coal from a Southern Indiana mine and petcoke, the U.S. Department of Energy said in a statement Wednesday.
The loan was initiated by the Biden administration, which awarded the project a conditional commitment in September 2024, and said the project would provide a source of low-carbon fertilizer using carbon capture and sequestration.
>> In Other News: Samsung E&A's U.S. Unit Wins 680 Billion-Won Ammonia Plant Deal
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Why Bloom Energy Just Landed $1.7B Bet
Inside This Issue š Why $1.7B IsĀ Betting on Fuel CellsĀ Over Nuclear for AI š Air Canada and Airbus Launch Joint Initiative toĀ Scale Domestic Canadian SAFĀ and Help Reduce the Life-Cycle Emissions o...
-
Oil Sands Alliance Faces $43.7 Billion Price Tag
Inside This Issue šĀ AlbertaĀ Cuts Carbon Costs to Fast-Track Pathways CCS šļø EU Unveils Sweeping ETS Overhaul WithĀ ā¬100 Billion Industrial Decarbonisation Bank š± Consultation: Major Revision toĀ Bio...
-
Wall Street Pours $1.7B Into Fuel Cells for AI
Inside This Issue š IDF, Oaktree toĀ Invest $1.7 BillionĀ in Bloom Energy Fuel Cells for AI Infrastructure š¬ļø Airhive Acquires Carbyon, Creating a European Leader inĀ Low-Cost Direct Air CaptureĀ Tech...
Company Announcements
-
Sustainable aviation fuel (SAF) could become a major driver of Canada's industrial and economic growth, while contributing to the global aerospace industry's aspirational goal to achieve 'net-zero ...
-
Turkish Airlines Joins SAFFA Fund
NEW YORK --Ā Turkish Airlines, the airline that flies to more countries than any other airline,Ā signed an agreementĀ to participate inĀ SAFFA Fund I, LPĀ (SAFFA Fund or Fund), an investment fund manage...
-
JERA Co., Inc. (JERA), a global energy leader and Japan's largest power generation company, today announced that it has signed a Memorandum of Understanding (MoU) with Samsung C&T Corporation (...
-
ZeroAvia and Safran Forge Partnership on Hydrogen-Electric Technologies
ZeroAvia and Safran have announced the launch of a collaboration dedicated to hydrogen-electric propulsion technologies for aviation. This partnership combines ZeroAviaās cutting-edge expertise in ...